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HomeMy WebLinkAbout2012-01-09 Police & Fire Pension Board Minutes Page 1 of 2 MINUTES JANUARY 9, 2012 REGULAR MEETING I. CALL TO ORDER The meeting was called to order by Chairman Rogers at 6:10 PM MEMBERS PRESENT: MEMBERS ABSENT: Chairman Larry Rogers Mayor Pat Flury Roger Handevidt Lottye Crooms Todd Neal Secretary Vince Marlin Carolyn Jones Vice Chairman Ted Spongross Wardell Lee ALSO PRESENT: Ken Harrison - Sugarman & Susskind, PA Steve Gordon – Steven Gordon CPA II. APPROVAL OF MINUTES MOTION: by Roger Handevidt to accept minutes from the December 12, 2011 meeting as submitted. SECOND: Wardell Lee PASSED UNANIMOUSLY III. CONSENT AGENDA No items listed on the Consent Agenda January 9, 2012 Page 2 of 3 IV. OLD BUSINESS 4.1 Fire Retiree Health Insurance The administrator spoke with fire beneficiary Charlene Roberson about the February 1, 2012 health insurance premium deduction. Ms. Roberson’s premium is $246.57 per month. Her retirement benefit from this plan as a beneficiary is $268.00. She is also retired and receiving a benefit from the general employees retirement system. She is asking this plan to help her with paying more of her health insurance premium. Attorney Ken Harrison advised the trustees that they comply with the provisions of the plan and may not treat her different without setting a precedent. V. NEW BUSINESS 5.2 Steven Gordon, CPA – Audited Financial Statements Steve Gordon of the accounting firm Steven I. Gordon, CPA Reviewed with the Board his firms’ Audited Financial Statements for the Plan year ending September 30, 2011. Mr. Gordon gave a clean opinion on the plan. MOTION by Carolyn Jones to approve the final draft of the Audited Financial Statements for the Plan for year ending September 30, 2011 SECOND by Wardell Lee PASSED UNANIMIOUSLY 5.2 Trustee Attendance-Lottye Crooms Trustee Lottye Crooms has missed 5 of the last 9 trustee meetings. According to trustee attendance requirements any trustee who is absent from two (2) consecutive regularly scheduled meetings and has not notified the Pension Office will be subject to recommendation by seven (7) concurring votes among Board Members for removal from the Board. Said recommendation would be submitted to the body which was responsible for the appointment or election or said Member. Attendance records would accompany said recommendation for removal. The administrator has since been notified that Lottye Crooms moved to Texas January 29, 2012. 5.3 Consultant Discussions took place about hiring a new consultant for the plan. Attorney Ken Harrison was requested to provide the administrator with a list of consultants. The list will be reviewed by the trustees and 3 will be chosen at the next trustee meeting on February 13, 2012 to be interviewed at the March 19, 2012 trustee meeting. January 9, 2012 Page 3 of 3 VI. CORRESPONDENCE VII. RETIREMENTS / TERMINATIONS VIII. OPEN DISCUSSION AND INFORMATION 8.1 Attorneys Report Attorney Harrison discussed the possible changes to pension plans Pending in the state of Florida legislature (House Bill 365 & Senate bill 910) 8.2 FPPTA School February 5-8, 2012, Jacksonville, Florida The next FPPTA Trustee School is February 5-8, 2012 in Jacksonville, Florida at the Hyatt Regency Riverfront. MOTION by Todd Neal to approve expenses for any Trustee wishing to attend the FPPTA School in Jacksonville, Fl during February 5-8, 2012. SECOND by Roger Handevidt PASSED UNANIMIOUSLY 8.3 33rd Annual Police Officers and Fire Fighter Pension Trustees School The next pension trustee’s school by the Division of Retirement is on May 14-16, 2012 at the FSU Center for Professional Development in Tallahassee, Florida MOTION by Roger Handevidt to approve expenses for any Trustee wishing to attend the Pension Trustees School in Tallahassee, Fl put on by the Florida Division of Retirement at FSU Center for Professional Development. SECOND by Wardell Lee PASSED UNANIMIOUSLY IX. ADJOURN MOTION by Roger Handevidt to adjourn meeting SECOND: by Carolyn Jones Meeting adjourned at 6:50 PM